EC puts brave face on failure to agree buffers for banks

The failure to agree minimum buffer requirements for Europe’s banks at yesterday’s Ecofin meeting of EU finance ministers has been brushed off by chair Margrethe Vestager, Danish Minister for Economic Affairs and the Interior, and Michel Barnier, Commissioner in charge of Internal Market and Services.

The meeting broke up in the early hours of this morning with outstanding disagreement on technical issues. Some reports suggest the meeting ended because of a disagreement betwen the UK, France and Germany.


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